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NYSE:GVAGranite Construction Stock Price, Forecast & News

$19.52
+0.29 (+1.51 %)
(As of 08/14/2020 04:00 PM ET)
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Compare
Today's Range
$18.94
Now: $19.52
$19.74
50-Day Range
$16.96
MA: $18.33
$20.24
52-Week Range
$8.90
Now: $19.52
$37.71
Volume268,359 shs
Average Volume668,844 shs
Market Capitalization$912.38 million
P/E RatioN/A
Dividend Yield2.70%
Beta1.44
Granite Construction Incorporated operates as an infrastructure contractor and a construction materials producer in the United States. The company operates through Transportation, Water, Specialty, and Materials segments. The Transportation segment engages in the construction and rehabilitation of roads, pavement preservation, bridges, rail lines, airports, and marine ports. The Water segment focuses on water-related construction and water management solutions, as well as provides trenchless cured-in-place pipe rehabilitation services. The Specialty segment constructs various complex projects, including infrastructure/site development, mining, public safety, tunnel, and power projects; and undertakes bid-build, design-build, and construction management/general contractor contracts. The Materials segment focuses on production of aggregates, asphalt, and construction related materials, as well as sanitary and storm water rehabilitation products, such as cured-in-place pipe felt and fiberglass-based lining tubes. The company also engages in the construction of streets, highways, mass transit facilities, trenchless and underground utilities, tunnels, dams, and other infrastructure-related projects. In addition, it performs site preparation and infrastructure services for residential development, energy development, commercial and industrial sites, and other facilities; and provides construction management professional services. The company serves federal agencies, state departments of transportation, local transit authorities, county and city public works departments, school districts and developers, utilities, contractors, landscapers, manufacturers of products requiring aggregate materials, retailers, homeowners, farmers, brokers, and private owners of industrial, commercial, and residential sites. Granite Construction Incorporated was founded in 1922 and is headquartered in Watsonville, California.
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Granite Construction logo

Beat the Market (BTM) Rank

Analyst Opinion: 0.8Community Rank: 2.1Dividend Strength: 1.7Insider Behavior: 0.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.17 out of 5 stars


Industry, Sector and Symbol

Industry Heavy construction, except building construction - contractors
Sub-IndustryConstruction & Engineering
CUSIP38732810
Phone831-724-1011

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.32 billion
Cash Flow$4.69 per share
Book Value$29.80 per share

Profitability

Miscellaneous

Employees5,700
Market Cap$912.38 million
Next Earnings Date8/14/2020 (Estimated)
OptionableOptionable
$19.52
+0.29 (+1.51 %)
(As of 08/14/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Granite Construction (NYSE:GVA) Frequently Asked Questions

How has Granite Construction's stock been impacted by COVID-19?

Granite Construction's stock was trading at $14.94 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, GVA shares have increased by 30.7% and is now trading at $19.52.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Granite Construction?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Granite Construction in the last year. There are currently 1 sell rating and 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Granite Construction
.

When is Granite Construction's next earnings date?

Granite Construction is scheduled to release its next quarterly earnings announcement on Friday, August 14th 2020.
View our earnings forecast for Granite Construction
.

How were Granite Construction's earnings last quarter?

Granite Construction Inc. (NYSE:GVA) posted its earnings results on Friday, October, 25th. The construction company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.41 by $0.98. The construction company earned $1.09 billion during the quarter, compared to the consensus estimate of $1.15 billion. The firm's quarterly revenue was up 3.1% on a year-over-year basis. During the same period last year, the firm posted $1.43 earnings per share.
View Granite Construction's earnings history
.

How often does Granite Construction pay dividends? What is the dividend yield for Granite Construction?

Granite Construction announced a quarterly dividend on Thursday, June 11th. Investors of record on Tuesday, June 30th will be paid a dividend of $0.13 per share on Wednesday, July 15th. This represents a $0.52 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date of this dividend is Monday, June 29th.
View Granite Construction's dividend history
.

What price target have analysts set for GVA?

3 brokers have issued 12 month target prices for Granite Construction's stock. Their forecasts range from $10.00 to $30.00. On average, they expect Granite Construction's stock price to reach $20.00 in the next twelve months. This suggests a possible upside of 2.5% from the stock's current price.
View analysts' price targets for Granite Construction
.

Has Granite Construction been receiving favorable news coverage?

Headlines about GVA stock have been trending somewhat negative recently, InfoTrie Sentiment Analysis reports. The research group ranks the sentiment of press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Granite Construction earned a media sentiment score of -1.8 on InfoTrie's scale. They also assigned media stories about the construction company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the near term.
View the latest news about Granite Construction
.

Are investors shorting Granite Construction?

Granite Construction saw a increase in short interest in the month of January. As of January 31st, there was short interest totaling 8,060,000 shares, an increase of 12.1% from the January 15th total of 7,190,000 shares. Based on an average trading volume of 781,500 shares, the days-to-cover ratio is currently 10.3 days. Approximately 17.4% of the company's stock are sold short.
View Granite Construction's Short Interest
.

Who are some of Granite Construction's key competitors?

What other stocks do shareholders of Granite Construction own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Granite Construction investors own include U.S. Silica (SLCA), Alibaba Group (BABA), Applied Materials (AMAT), JD.Com (JD), AT&T (T), Enterprise Products Partners (EPD), Ford Motor (F), NVIDIA (NVDA), Carnival (CCL) and CVS Health (CVS).

Who are Granite Construction's key executives?

Granite Construction's management team includes the following people:
  • Mr. James Hildebrand Roberts, Pres, CEO & Director (Age 62)
  • Ms. Jigisha Desai, Sr. VP & CFO (Age 52)
  • Mr. James Dave Richards, Sr. VP & Northwest Group Mang. (Age 55)
  • Mr. Dale A. Swanberg, Sr. VP & Large Projects Group Mang. (Age 56)
  • Mr. Kyle T. Larkin, Sr. VP & California Group Mang. (Age 47)

What is Granite Construction's stock symbol?

Granite Construction trades on the New York Stock Exchange (NYSE) under the ticker symbol "GVA."

Who are Granite Construction's major shareholders?

Granite Construction's stock is owned by a number of retail and institutional investors. Top institutional shareholders include FMR LLC (12.58%), Vanguard Group Inc. (10.86%), Bank of New York Mellon Corp (2.75%), Federated Hermes Inc. (2.38%), Bank of America Corp DE (1.56%) and Frontier Capital Management Co. LLC (1.35%). Company insiders that own Granite Construction stock include Claes Bjork, David H Kelsey, Desai Jigisha, James Hildebrand Roberts, Kristen O Jesulaitis, Kyle T Larkin and Patricia D Galloway.
View institutional ownership trends for Granite Construction
.

Which institutional investors are selling Granite Construction stock?

GVA stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, John G Ullman & Associates Inc., Goldman Sachs Group Inc., Frontier Capital Management Co. LLC, Balyasny Asset Management LLC, Rock Point Advisors LLC, Prudential Financial Inc., and Rutabaga Capital Management LLC MA.
View insider buying and selling activity for Granite Construction
.

Which institutional investors are buying Granite Construction stock?

GVA stock was bought by a variety of institutional investors in the last quarter, including Federated Hermes Inc., Bank of New York Mellon Corp, Monarch Partners Asset Management LLC, Personal Capital Advisors Corp, SG Americas Securities LLC, Bank of America Corp DE, Duality Advisers LP, and Vanguard Group Inc.. Company insiders that have bought Granite Construction stock in the last two years include Claes Bjork, David H Kelsey, Desai Jigisha, James Hildebrand Roberts, Kristen O Jesulaitis, Kyle T Larkin, and Patricia D Galloway.
View insider buying and selling activity for Granite Construction
.

How do I buy shares of Granite Construction?

Shares of GVA can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Granite Construction's stock price today?

One share of GVA stock can currently be purchased for approximately $19.52.

How big of a company is Granite Construction?

Granite Construction has a market capitalization of $912.38 million and generates $3.32 billion in revenue each year. Granite Construction employs 5,700 workers across the globe.

What is Granite Construction's official website?

The official website for Granite Construction is www.graniteconstruction.com.

How can I contact Granite Construction?

Granite Construction's mailing address is 585 WEST BEACH ST, WATSONVILLE CA, 95076. The construction company can be reached via phone at 831-724-1011 or via email at [email protected]

This page was last updated on 8/14/2020 by MarketBeat.com Staff

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